see also

WASHINGTON — President Donald Trump and congressional Republicans are proposing...

The US economy needs strong medicine to break out of the slow-growth “new normal” it’s been trapped in since the Great Recession. That has left Wall Street and the rich doing fine, but Main Street and everyone else struggling.

The Big Six — Trump’s top two economic advisers, the House and Senate leaders and the two chairmen of Congress’ tax-writing committees — have now outlined just the medicine.

It includes corporate tax reform to finally make US rates competitive with those of other developed nations, along with changes for other businesses to put them on a fair footing with corporations, plus revision of the personal income tax code to put more money in middle-class pockets.

Simplification of the code will also make it less maddening to actually do your taxes as well as ending some blatant inequalities.

see also

WASHINGTON — President Trump will release a sweeping plan Wednesday...

Such as the deduction for state and local taxes. Its main direct beneficiaries, after all, are high earners in high-tax states. (The framework’s lower rates and nearly doubled standard deduction ensure that non-fat cats in those states still come out ahead.)

Looked at another way, the deduction’s a subsidy to the governments of those states — even though New York, California, New Jersey, etc. are much wealthier than average. It’s the loss of this giveaway that has Gov. Andrew Cuomo screaming doomsday.

All that said, the framework leaves it to Congress to fill in key details in the normal legislative process. That means a lot of intense work over the next two months to get a bill passed by year’s end, with Democrats doing their best to gum up the works all the way.

If Republicans can’t stick together and get this job done, they’ll find it awfully hard to get their voters back to the polls.